https://www.taxtmi.com/caselaws?id=58205 A revisional power under section 263 had to be exercised within two years from the assessment order, and that mandatory period was applied strictly. The attempt to invoke the Limitation Act to extend time was rejected because the special fiscal limitation regime controlled and no material showed that the relevant dates were holidays. Once the statutory period expired, the Commissioner could not validly revise the assessment. The revision was therefore time-barred, without jurisdiction, and void ab initio. en-us Fri, 01 Sep 1989 00:00:00 +0530 Fri, 17 Dec 2010 18:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58205 A revisional power under section 263 had to be exercised within two years from the assessment order, and that mandatory period was applied strictly. The attempt to invoke the Limitation Act to extend time was rejected because the special fiscal limitation regime controlled and no material showed that the relevant dates were holidays. Once the statutory period expired, the Commissioner could not validly revise the assessment. The revision was therefore time-barred, without jurisdiction, and void ab initio. Case-Laws Income Tax Fri, 01 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58205